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Full text of "Agrarian justice, opposed to agrarian law, and to agrarian monopoly. Being a plan for meliorating the condition of man, by creating in every nation, a national fund, to pay to every person, when arrived at the age of twenty-one years, the sum of fifteen pounds sterling, to enable him or her to begin the world! And also, ten pounds sterling per annum during life to every person now living of the age of fifty years, and to all others when they shall arrive at the age, to enable them to live in old age without wretchedness, and to enable them to live in old age without wretchedness, and go decently out of the world / By Thomas Paine"

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AGRARIAN  JUSTICE, 

\  * 

OPPOSED  TO 

AGRARIAN  LAW, 

AND  TO 

\ 

AGRARIAN  MONOPOLY. 

BEING  A  PLAN  FOR 

MELIORATING  THE  CONDITION  OF  MAN, 

By  Creating  in  every  Nation, 

A  NATIONAL  FUND, 

To  Pay  to  every  Perfon,  when  arrived  at.  the  Age  of 
Twenty-one  Years,  the  Sum  of  Fifteen 
Pounds  Sterling,  to  enable  HiM  or  her  to  begin 
the  World  ! 

AND  ALSO, 

Ten  Pounds  Sterling  per  Annum  during  life  to  every 
Perfon  now  living  cf  the  Age  of  Fifty  Years,  ami 
to  all  others  when  they  fnall  arrive  at  that  Age,  to 
enable  them  to  live  in  Old  Age  without  Wretched  - 
nefs,  and  go  decently  out  of  the  World. 


By  T  ROMAS  PA  I N  E, 

Author  of  common  sense,  rights  of  man, 

AGE  OF  REASON,  &C.  &C. 


PHILADELPHIA: 

PRINTED  BY  R.  FOLWELL, 

FO  R 

BENJAMIN  FRANKLIN  B  AC  HE, 


/ 


PREFACE. 


T I  ^  HE  following  little  Piece  was  written  in 
the  winter  of  1795  and 5 9 6  ;  and,  as  I  had  not 
determined  whether  to  publifh  it  during  the  pre- 
fent  war ,  or  to  wait  till  the  commencement  of  a 
peace ,  it  has  lain  by  me,  without  alteration  or 
addition ,  from  the  time  it  was  written . 

What  has  determined  me  to  publifh  it  now  is,  a 
Sermon,  preached  by  Watsoa r,  Bifhop  of  Lan- 
daff.  Some  of  my  readers  will  recoiled ,  that  this 
Bifhop  wrote  a  bock ,  intit  led.  An  Apology  for 
the  Bible,  in  anfwer  to  my  Second  Part  of  the 
Age  of  Reafon.  I  procured  a  copy  of  his  book, 
and  he  may  depend  upon  hearing  from  me  on  that 
fubjed. 

At  the  end  of  the  Bifhop9 s  book  is  a  lift  of  the 
Works  he  has  written,  among  which  is  the  Ser¬ 
mon  alluded  to ;  it  is  intitled. 


IV 


PREFACE, 


“  The  Wisdom  and  Goodness  of  God, 

IN  HAVING  MADE  BOTH  RlCH  AND  POOR  J 

4 

with  an  Appendix,  containing  Reflections  on 

THE  PRESENT  STATE  OF  ENGLAND  AND 

France.” 


The  error  contained  in  the  title  of  this  Ser¬ 
mon,  determined  me  to  publifh  my  Agrarian  Juf- 
tice.  It  is  wrong  to  fay  that  God  made  Rich  and 
Poor;  de  made  only  Male  and  Female;  and  he 
gave  them  the  earth  for  their  inheritance. 


* 


be 

* 

b 

# 


* 

* 

* 

* 


* 

■* 

* 

# 


* 

* 

* 


* 

* 

# 

* 


Inftead  of  preaching  to  encourage  one  part  of 

mankind  in  infolence  *  *  * 

*  #  #  *  # 

4h  #  *  # 

*  *  *  '  *  it  would 

be  better  that  Priefls  employed  their  time  to  ren¬ 
der  the  general  condition  of  man  lefs  mferable  than 
it  is.  Practical  religion  confejis  in  doing  good;  and 
the  only  way  of  ferving  God  is,  that  of  endea¬ 
vouring  to  make  his  creation  happy.  All  preach¬ 
ing  that  has  not  this  for  its  object,  is  nonfenfe  and 
by  poor  if y, 

THOMAS  PAINE, 


/ 


AGRARIAN  JUSTICE, 


OPPOSED  TO 


AGRARIAN  LAW, 

AND  TO  AGRARIAN  MONOPOLY. 

BEING  A  PLAN  FOR 
Meliorating  the  Condition  of  Man,  &c. 


HP 

J  O  preferve  the  benefits  of  what  is 
called  civilized  life,  and  to  remedy,  at  the 
fame  time,  the  evil  it  has  produced,  ought 
to  be  confidered  as  one  of  the  ftrft  objects  of 
reformed  legillatiom 

Whether  that  date  that  is  proudly,  perhaps 
erroneously,  called  civilization,  has  moft  pro¬ 
moted  or  moft  injured  the  general  happinefs 
of  man,  is  a  queftion  that  may  be  ftrongly 
contefted. — On  one  fide,  the  fpe&ator  is  daz¬ 
zled  by  fplend id  appearances;  on  the  other, 
he  is  lhocked  by  extremes  of  wretchcdnefs , 


(  6  ) 


both  of  which  he  has  ere&ed.  The  mod  af¬ 
fluent  and  the  mod  miferable  of  the  human 
race  are  to  be  found  in  the  countries  that  are 
called  civilized. 

To  underfland  what  the  date  of  fociety 
ought  to  be,  it  is  neceflfary  to  have  fome  idea 
of  the  natural  and  primitive  date  of  man  ;  fuch 
as  it  is  at  this  day  among  the  Indians  of  North 
America.  There  is  not,  in  that  date,  any  of 
thofe  fpedaeles  of  human  mifery  which  po¬ 
verty  and  want  prefent  to  our  eyes,  in  all  the 
towns  and  dreets  of  Europe.  Poverty,  there¬ 
fore,  is  a  thing  created  by  that  which  is  called 
civilized  life.  It  exids  not  in  the  natural  date. 
On  the  other  hand,  the  natural  date  is  with¬ 
out  thofe  advantages  which  flow  fromAgricul- 
ture,  Arts,  Science,  and  Manufactures. 

The  life  of  an  Indian  is  a  continual  holiday, 
compared  with  the  poor  of  Europe  ;  and,  on 
the  other  hand,  it  appears  to  be  abjed  when 
compared  to  the  rich.  Civilization,  therefore, 
or  that  which  is  fo  called,  has  operated,  two 
ways,  to  make  one  part  of  fociety  more  afflu¬ 
ent,  and  the  other  part  more  wretched,  than 
would  have  been  the  lot  of  either  in  a  natural 
date. 

It  is  always  poffible  to  go  from  the  natural  to 
the  civilized  date,  but  it  is  never  poffible  togo 
from  the  civilized  to  the  natural  date.  Tlte 


(  7  ) 


reafon  is,  that  man,  in  a  natural  date,  fubfifting 
by  hunting,  requires  ten  times  the  quantity  of 
land  to  range  over,  to  procure  himfelf  hide- 
nance,  than  would  fupport  him  in  a  civilized 
date,  where  the  earth  is  cultivated.  When 
therefore  a  country  becomes  populous  by  the 
additional  aids  of  cultivation,  arts,  and  fcience, 
there  is  a  neceflity  of  preferring  things  in  that 
date;  becaufe  without  it,  there  cannot  be  fuf- 
tenance  for  more,  perhaps,  than  a  tenth  part 
of  its  inhabitants.  The  thing  therefore  now  to 
be  done,  is,  to  remedy  the  evils,  and  prel'erve 
the  benefits,  that  have  arifen  to  fociety,  by 
pafiing  from  the  natural  to  that  which  is  called 
the  civilized  date. 

Taking  then  the  matter  up  on  this  ground, 
the  fird  principle  of  civilization  ought  to  have 
been,  and  ought  did  to  be,  that  the  condition 
of  every  perfon  born  into  the  world,  after  a 
date  of  civilization  commences,  ought  not  to 
be  worfe  than  if  he  had  been  born  before  that 
period.  But  the  fa£t  is,  that  the  condition  of 
millions,  in  every  country  in  Europe,  is  far 
worfe  than  if  they  had  been  born  before  ci¬ 
vilization  began,  or  had  been  born  among  the 
Indians  of  North  America  of  the  prefent  day. 
Twill  fhew  how  thi6  fa£t  has  happened. 

It  is  a  pofition  not  to  be  controverted,  that 
the  earth,  in  its  natural  uncultivated  date,  was, 
and  ever  would  have  continued  to  be,  the 
COMMON  PROPERTY  OF  THE  HUMAN  RACE. 


.(  8  ) 

In  that  date  every  man  would  have  been  borft 
to  property.  He  would  have  been  a  joint  life- 
proprietor  with  the  reft  in  the  property  of  the 
foil,  and  in  all  its  natural  productions,  vege¬ 
table  and  animal. 

But  the  earth,  in  its  natural  ftate,  as  before 
laid,  is  capable  of  fupporting  but  a  fmall  num¬ 
ber  of  inhabitants  compared  with  what  it  is 
capable  of  doing  in  a  cultivated  ftate.  And  as 
it  is  impoftible  to  feparate  the  improvement 
made  by  cultivation,  from  the  earth  itfelf,  up¬ 
on  which  that  improvement  is  made,  the  idea 
i  of  landed  property  arofe  from  that  infeparable 
conne&ion;  but  it  is  neverthelefs.  true,  that  it 
is  the  value  of  the  improvement  only,  and  not 
the  earth  itfelf,  that  is  individual  property.  Eve¬ 
ry  proprietor  therefore  of  cultivated  land,  owes 
to  the  community  a  ground-rent ;  for  I  know 
no  better  term  to  exprefs  the  idea  by,  for  the 
land  which  he  holds :  and  it  is  from  this  ground 
rent  that  the  fund  propofed  in  this  plan  is  to 
iffue. 

It  is  deducible,  as  wrell  from  the  nature  of 
the  thing,  as  from  all  the  hiftories  tranfmitted 
to  us,  that  the  idea  of  landed  property  com¬ 
menced  with  cultivation,  and  that  there  was 
no  fuch  thing  as  landed  property  before  that 
time.  It  could  not  exift  in  the  firft  ftate  of 
man,  that  of  hunters.  It  did  not  exift  in  the 
fecond  ftate,  that  of  Ihepherds :  Neither  Abra* 
ham,Ifaac,  Jacob,  nor  Job,  fo  far  as  thehiftory 


(  9  ) 

of  the  Bible  may  be  credited  in  probable 
things,  were  owners  of  land.  Their  property 
confifled,  as  is  always  enumerated,  in  flocks 
and  herds,  and  they  travelled  with  them  from 
place  to  place.  The  frequent  contentions,  at 
that  time,  about  the  ufe  of  a  well  in  the  dry 
country  of  Arabia,  where  thofe  people  lived, 
fhew  alfo  there  was  no  landed  property.  It  was 
not  admitted  that  land  could  be  located  as 
property. 

There  could  be  no  fuch  thing  as  landed 
property  originally.  Man  did  not  make  the 
earth,  and,  though  he  had  a  natural  right  to 
occupy  it,  he  had  no  right  to  locate  as  his  pro¬ 
perty  in  perpetuity  any  part  of  it :  neither  did 
the  Creator  of  the  earth  open  a  land-office, 
from  whence  the  firfl  title-deeds  flhould  iflfue* 

c 

From  whence  then  alTv  the  idea  of  landed 
property  ?  I  anfwer  as  before,  that  when  cul¬ 
tivation  began,  the  idea  of  landed  property  be¬ 
gan  with  it,  from  the  impoffibility  of  feparating 
the  improvement  made  by  cultivation  from 
the  earth  itfelf,  upon  which  that  improvement 
was  made.  The  value  of  the  improvement  fo 
far  exceeded  the  value  of  the  natural  earth, 
at  that  time,  as  to  abforb  it ;  till,  in  the  end, 
the  common  right  of  all  became  confounded 
into  the  cultivated  right  of  the  individual. 
But  they  are,  neverthelefs,  diflinft  fpecies  of 
rights,  and  will  continue  to  be  fo  as  long  as 
the  earth  endures. 

B 


(  1°  ) 


It  is  only  by  tracing  things  to  their  origin 
that  we  can  gain  rightful  ideas  of  them,  and  it 
is  by  gaining  fuch  ideas  that  we  difcover  the 
boundary  that  divides  right  from  wrong,  and 
which  teaches  every  man  to  know  his  own.  I 
have  intitled  this  tract  Agrarian  Juftice ,  to 
diftinguifh  it  from  Agrarian  Law.  Nothing 
could  be  more  unjuft  than  Agrarian  Law  in  a 
country  improved  by  cultivation  ;  for  though 
every  man,  as  an  inhabitant  of  the  earth,  is  a 
joint  proprietor  of  it  in  its  natural  ftate,  it 
does  not  follow  that  he  is  a  joint  proprietor 
of  cultivated  earth.  The  additional  value  made 
by  cultivation,  after  the  fyftem  was  admitted, 
became  the  property  of  thofe  who  did  it,  or 
who  inherited  it  from  them,  or  who  purchafed 
it.  It  had  originally  an  owner.  Whilft,  there¬ 
fore,  I  advocate  the  right,  and  intereft  myfelf 
in  the  hard  cafe  of  jdl  thofe  who  have  been 
thrown  out  of  their  natural  inheritance  by  the 
introduction  of  the  fyftem  of  landed  property, 
I  equally  defend  the  right  of  the  pofteflor  to 
the  part  which  is  his. 

Cultivation  is,  at  leaft,  one  offhe  greateft 
natural  improvements  ever  made  by  human 
invention.  It  has  given  to  created  earth  a  ten¬ 
fold  value.  But  the  landed  monopoly,  that  be¬ 
gan  with  it,  has  produced  the  greateft  evil.  It 
has  difpoflefled  more  than  half  the  inhabitants 
of  every  nation  of  their  natural  inheritance, 
without  providing  for  them,  as  ought  to  have 
been  done,  as  an  indemnification  for  that  lofs. 


(  II  ) 


and  has  thereby  created  a  fpecies  of  poverty 
and  wrechednefs  that  did  not  exifl  before. 

In  advocating  the  cafe  of  the  perfons  thus 
difpolfelfed,  it  is  a  right  and  not  a  charity  that 
I  am  pleading  for.  But  it  is  that  kind  of  right, 
which,  being  neglected  at  firft,  could  not  be 
brought  forward  afterwards,  till  heaven  had 
opened  the  way  by  a  revolution  in  the  fyftem 
of  government.  Let  us  then  do  honour  to  re¬ 
volutions  by  juftice,  and  give  currency  to  their 
principles  by  bleffings. 

Having  thus,  in  a  few  words,  opened  the 
merits  of  the  cafe,  I  proceed  to  the  plan  1  have 
to  propofe,  which  is, 

To  create  a  National  Fund ,  out  of  which  there 
Jhall  be  paid  to  every  perfon ,  when  arrived  at 
the  age  of  twenty-one  years ,  the  fum  of  Fifteen 
Pounds  fterling,  as  a  compenfation  in  part ,  for 
the  lofs  of  his  or  her  Jiatural  inheritance ,  by  the 
introduction  of  the  fyftem  of  landed  property, 

AND  ALSO, 

The  fum  of  Ten  Pounds  per  annum,  during 
life ,  to  every  perfon  now  living ,  of  the  age  of  fifty 
years ,  and  to  all  others  as  they  Jhall.  arrive  at 
that  age . 


(  12  ) 

MEANS  BY  WHICH  THE  FUND  IS  TO  BE  CREATED. 

I  have  already  eftabliflhed  the  principle, 
namely,  that  the  earth,  in  its  natural  unculti¬ 
vated  ftate,  was,  and  ever  would  have  conti¬ 
nued  to  be,  the  common  property  of  the 
human  race — that  in  that  ftate,  every  per* 
fon  would  have  been  born  to  property- — and 
that  the  fyftem  of  landed  property,  by  its  in- 
feparable  connexion  with  cultivation,  and 
with  what  is  called  civilized  life,  has  obfor- 
bed  the  property  of  all  thofe  whom  it  difpof- 
fefled,  without  providing,  as  ought  to  have 
been  done,  an  indemnification  for  that  lofs. 

The  fault,  however,  is  not  in  the  prefent 
poftefibrs.  No  complaint  is  intended,  or  ought 
to  be  alleged  againft  them,  unlefs  they  adopt 
the  crime  by  oppofing  juftice.  The  fault  is  in 
the  fyftem,  and  it  has  ftolen  imperceptibly  up¬ 
on  the  world,  aided  afterwards  by  the  Agra¬ 
rian  law  of  the  fword.  But  the  fault  can  be 
made  to  reform  itfelf  by  fucceflive  generations, 
without  diminifhing  or  deranging  the  proper¬ 
ty  of  any  of  the  prefent  pofleftors,  and  yet  the 
operation  of  the  fund  can  commence,  and  be 
in  full  activity,  the  firft  year  of  its  eftabliih* 
ment,  or  foon  after,  as  I  fhall  fhew. 

It  is  propofed  that  the  payments,  as  already 
ftated,  be  made  to  every  perfon,  rich  or  poor. 
It  is  beft  to  make  it  fo,  to  prevent  invidious 
diftindions.  It  is  alfo  right  it  Ihould  be  fo,  be- 
£auf$  it  is  m  lieu  qf  the  natural  inheritance^ 


i 


(  i3  ) 


which,  as  a  right,  belongs  to  every  man,  over 
and  above  the  property  he  may  have  created 
or  inherited  from  thofe  who  did.  Such  per- 
fons  as  do  not  choofe  to  receive  it,  can  throw 
it  into  the  common  fund. 

t 

Taking  it  then  for  granted,  that  no  perfon 
ought  to  be  in  a  worfe  condition  when  born 
under  what  is  called  a  date  of  civilization,  than 
he  would  have  been,  had  he  been  born  in  a 
{late  of  nature,  and  that  civilization  ought  to 
have  made,  and  ought  dill  to  make,  provifion 
for  that  purpofe,  it  can  only  be  done  by  fub- 
trading  from  property,  a  portion  equal  in  va¬ 
lue  to  the  natural  inheritance  it  has  abfor- 
bed. 

Various  methods  may  be  propofed  for  this 
purpofe,  but  that  which  appears  to  be  the  befl, 
not  only  becaufe  it  will  operate  without  de¬ 
ranging  any  prefent  poifeifors,  or  without  in¬ 
terfering  with  the  colledion  of  taxes,  or  em- 
prunts  neceffary  for  the  purpofe  of  govern¬ 
ment  and  the  revolution,  but  becaufe  it  will 
be  the  lead  troublefome  and  the  mod  effec¬ 
tual,  and  alfo  becaufe  the  fubtradion  will  be 
made  at  a  time  that  bed  admits  it,  which  is, 
at  the  moment  that  property  is  paffmg  by  the 
death  of  one  perfon  to  the  poffedion  of  ano¬ 
ther.  In  this  cafe,  thebequether  gives  nothing; 
\he  receiver  pays  nothing.  The  only  matter  to 
him  is,  that  the  monopoly  of  natural  inheri¬ 
tance,  to  which  there  never  was  a  right,  be- 


(  H  ) 


gins  to  ceafe  in  his  perfon.  A  generous  man 
would  not  wifh  it  to  continue,  and  a  juft  man 
will  rejoice  to  fee  it  abolifhed. 

My  ftate  of  health  prevents  my  making  fuf- 
ficient  enquiries  with  refped  to  the  dodrine 
of  probabilities,  whereon  to  found  calcula¬ 
tions  with  fuch  degrees  of  certainty  as  they  are 
capable  of.  What,  therefore,  I  offer  on  this 
head  is  more  the  refult  of  obfervation  and  re- 
fledion,  than  of  received  information;  but  I 
believe  it  will  be  found  to  agree  fufficiently 
enough  with  fad. 

In  the  firfl  place,  taking  twenty-one  years 
as  the  epoch  of  maturity,  all  the  property  of 
a  nation,  real  and  perfonal,  is  always  in  the 
poffeffion  of  perfons  above  that  age.  It  is  then 
neceffary  to  know  as  a  datum  of  calculation, 
the  average  of  years  which  perfons  above  that 
age  will  live.  I  take  this  average  to  be  about 
thirty  years,  for  though  many  perfons  will 
live  forty,  fifty,  or  fixty  years  after  the  age 
of  twenty-one  years,  others  will  die  much  foon- 
er,  and  feme  in  every  year  of  that  time. 

Taking  then  thirty  years  as  the  average  of 
time,  it  will  give,  without  any  material  vari¬ 
ation,  one  way  or  other,  the  average  of  time 
in  which  the  whole  property  or  capital  of  a 
nation,  or  a  fum  equal  thereto,  will  have  pair¬ 
ed  through  one  entire  revolution  in  defeent, 
that  is,  will  have  gone  by  deaths  to  new  pof- 


I 


(  l5  ) 


feffors;  for  though,  in  many  inflances,  fome 
parts  of  this  capital  will  remain  forty,  fifty,  or 
fixty  years  in  the  pofTeffion  of  one  perfon,  other 
parts  will  have  revolved  two  or  three  times  be¬ 
fore  that  thirty  years  expire,  which  will  bring 
it  to  that  average;  for  were  one  half  the  ca¬ 
pital  of  a  nation  to  revolve  twice  in  thirty 
years,  it  would  produce  the  fame  fund  as  if 
the  whole  revolved  once. 

Taking,  then,  thirty  years  as  the  average  of 
time  in  which  the  whole  capital  of  a  nation, 
or  a  fum  equal  thereto,  will  revolve  once,  the 
thirtieth  part  thereof  will  be  the  fum  that 
will  revolve  every  year,  that  is,  will  go  by 
deaths  to  new  p  ode  (Tors;  and  this  laid  fum  be¬ 
ing  thus  known,  and  the  ratio  per  cent,  to  be 
fubtraded  from  it  being  determined,  will  give 
the  annual  amount  or  income  of  the  propofed 
fund,  to  be  applied  as  already  mentioned. 

In  looking  over  the  difeourfe  of  the  Englifh 
minifler,  Pitt,  in  his  opening  of  what  is  called 
in  England,  the  budget,  (the  fcheme  of  fi¬ 
nance  for  the  year  1796,)  I  find  an  eflimate 
of  the  national  capital  of  that  country.  As  this 
eflimate  of  a  national  capital  is  prepared  rea¬ 
dy  to  my  hand,  I  take  it  as  a  datum  to  ad  up¬ 
on.  When  a  calculation  is  made  upon  the 
known  capital  of  any  nation,  combined  with 
its  population,  it  will  ferve  as  a  fcale  for  any 
other  nation,  in  proportion  as  its  capital  and 
population  be  more  or  lefs.  I  am  the  more  dif? 


(  *6  ) 


pofed  to  take  this  eftimate  of  Mr.  Pitt,  for  the 
purpofe  of  (hewing  to  that  minifter,  upon  his 
own  calculation,  how  much  better  money  may 
be  employed,  than  in  wafting  it,  as  he  has 
done,  on  the  wild  project  of  fetting  up  Bour¬ 
bon  kings.  What,  in  the  name  of  Heaven, 
are  Bourbon  kings  to  the  people  of  England  I 
It  is  better  that  the  people  have  bread. 

Mr.  Pitt  dates  the  national  capital  of  Eng¬ 
land,  real  and  perfonal,  to  be  one  thoufand 
three  hundred  millions  fterling,  which  is  about 
one-fourth  part  of  the  national  capital  of 
France,  including  Belgia.  The  event  of  the 
laft  harveft  in  each  country  proves  that  the 
foil  of  France  is  more  productive  than  that  of 
England,  and  that  it  can  better  fupport  twen¬ 
ty-four  or  twenty-five  millions  of  inhabitants 
than  that  of  England  can  feven,  or  feven  and 
an  half. 

The3othpartof  thiscapital  of /1,300,000,00a 

is  ;C’43’333>333»  which  *s  thf  Part  that  will 
revolve  every  year  by  deaths  in  that  country 

to  new  poffefiors*,  and  the  fum  that  will  an¬ 
nually  revolve  in  France  in  the  proportion  of 
four  to  one,  will  be  about  one  hundred  and 
feventy-three  millions  fterling.  From  this  fum 
of  ;C-43>333>333  annually  revolving,  is  to  be 
fubtraCted  the  value  of  the  natural  inheritance 
abforbed  in  it,  which  perhaps,  in  fair  juftice,, 
cannot  be  taken  at  lefs,  and  ought  not  to  bo 
taken  for  more,  than  a  tenth  part. 


C  i;  ) 

If  w!I1  always  happen,  that  of  the  property 
thus  revolving  by  deaths  every  year,  part  will 
defcend  in  a  dired  line  to  fons  and  daugh¬ 
ters,  and  the  other  part  collaterally,  and  the 
proportion  will  be  found  to  be  about  three 
to  one ;  that  is,  about  thirty  millions  of  the 
above  fum  will  defcend  to  direft  heirs,  and 
the  remaining  fum  of  £-13.333,333  10  more 
diitant  relations,  and  part  to  ftrangers. 

Confidering  then  that  man  is  always  related 
to  fociety,  that  relationlhip  will  become  com¬ 
paratively  greater  in  proportion  as  the  next 
of  km  is  more  diftant  :  It  is  therefore  con¬ 
fident  with  civilization  to  fay,  that  where  there 
are  no  direft  heirs,  fociety  (hall  be  heir  to  a 
part  over  and  above  the  tenth  part  due  to  fo¬ 
ciety.  If  this  additional  part  be  from  five  to 
ten  or  twelve  per  cent,  in  proportion  as  the 
next  of  kin  be  nearer  or  more  remote,  fo  as 
to  average  with  the  efcheats  that  may  fall 
which  ought  always  to  go  to  fociety  and  not 
to  the  government,  an  addition  of  ten  per 
cent,  more,  the  produce  from  the  annual  fum 
ot  £-43>333>333  will  be, 

From  30,000,000  at  ten  per  cent.  .  3,000.000 

rrom  i3>333>333  at  ten  pr.  ct.  with  the 

addition  of  ten  per  2 ,666,666 
- - -  cent,  more  .... 


£-43>333>333  . £-5,666,666 


» 


(  *8  ) 


Having  thus  arrived  at  the  annual  amount 
of  the  propofed  fund,  I  come,  in  the  next 
place,  to  fpeak  of  the  population  proportioned 
to  this  fund,  and  to  compare  it  with  ufes  to 
which  the  fund  is  to  be  applied. 

The  population  (I  mean  that  of  England) 
does  not  exceed  feven  millions  and  a  half,  and 
the  number  of  perfons  above  the  age  of  fifty 
will  in  that  cafe  be  about  four  hundred  thou- 
fand.  There  would  not  however  be  more 
than  that  number  that  would  accept  the  pro¬ 
pofed  ten  pounds  fterling  per  annum,  though 
they  would  be  entitled  to  it.  I  have  no  idea 
it  would  be  accepted  by  many  perfons  who  had 
a  yearly  income  of  two  or  three  hundred 
pounds  fterling.  But  as  we  often  fee  inftan- 
ces  of  rich  people  falling  into  fudden  pover¬ 
ty,  even  at  the  age  of  fixty,  they  would  al¬ 
ways  have  the  right  of  drawing  all  the  arrears 
due  to  them. — Four  millions,  therefore,  of 
the  above  annual  fum  of  £.5,666,666,  will  be 
required  for  four  hundred  thoufand  aged  per¬ 
fons,  at  ten  pounds  fterling  each. 

I  come  now  to  fpeak  of  the  perfons  annu¬ 
ally  arriving  at  twenty-one  years  of  age.  If 
all  the  perfons  who  died  were  above  the  age 
of  twenty-one  years,  the  number  of  perfons 
annually  arriving  at  that  age,  muft  be  equal 
to  the  annual  number  of  deaths  to  keep  the 
population  ftationary.  But  the  greater  part 
die  under  the  age  of  twenty-one,  and  there- 


(  *9  ) 


fore  the  number  of  perfons  annually  arriving 
at  twenty- one,  will  be  lefs  than  half  the  nura- 
of  deaths.  The  whole  number  of  deaths  up¬ 
on  a  population  of  feven  millions  and  a  half, 
will  be  about  220,000  annually.  The  number 
arriving  at  twenty-one  years  of  age  will  be 
about  100,000.  The  whole  number  of  thefe 
will  not  receive  the  propofed  fifteen  pounds,  for 
the  reafons  already  mentioned,  though,  as  in 
the  former  cafe,  they  would  be  entitled  to  it. 
Admitting  then  that  a  tenth  part  declined  re¬ 
ceiving  it,  the  amount  would  (land  thus  : 

Fund  annually . £.5,666,666 

To  400.000  aged  per-  1 

fons  at  £.  1  o  each  £.'4,000,000  C 
To  90,000  perfons  of  ( 

21  years,  15Z.fter.ea.  1,350,000  j 

- -  5>3505°©° 

remains  £.316,666 

There  are  in  every  country  a  number  of  blind 
and  lame  perfons,  totally  incapable  of  earning 
a  livelihood.  But  as  it  will  always  happen  that 
the  greater  number  of  blind  perfons  will  be 
among  thofe  who  are  above  the  age  of  fifty 
years,  they  will  be  provided  for  in  that  clafs. 
The  remaining  fum  of  £.316,666,  will  pro¬ 
vide  for  the  lame  and  blind  under  that  age,  at 
the  fame  rate  of  £.10  annually  for  each  per- 
fon. 


C  20  ) 


Having  now  gone  through  all  the  neceffary 
calculations,  and  Hated  the  particulars  of  the 
plan,  I  fhall  conclude  with  fome  obfervations. 

It  is  not  charity  but  a  right — not  bounty 
but  juftice,  that  I  am  pleading  for.  The  pre- 
fent  Hate  of  what  is  called  civilization,  is 
*  #  *  It  is  the  reverfe  of  what  it  ought 

to  be,  and  *****  The  contrail 
of  affluence  and  wretchednefs  continually  meet¬ 
ing  and  offending  the  eye,  is  like  dead  and  liv¬ 
ing  bodies  chained  together.  Though  I  care 
as  little  about  riches  as  any  man,  I  am  a  friend 
to  riches  becaufe  they  are  capable  of  good. 

I  care  not  how  affluent  fome  may  be,  provided 
that  none  be  miferable  in  confequence  of  it. 
But  it  is  impoffible  to  enjoy  affluence  with  the 
felicity  it  is  capable  of  being  enjoyed,  whilll 
fo  much  mifery  is  mingled  in  the  fcene.  The 
fight  of  the  mifery,  and  the  unpleafant  fenfa- 
tions  it  fuggells,  which,  though  they  may  be 
fuffocated,  cannot  be  extinguished,  are  a  great¬ 
er  draw-back  upon  the  felicity  of  affluence  than 
the  propofed  io  per  cent,  upon  property  is 
worth.  He  that  would  not  give  the  one  to  get 
rid  of  the  other,  has  no  charity,  even  for  him- 
felf. 

There  are,  in  every  country,  fome  magnifi¬ 
cent  charities  eftablifhed  by  individuals.  It  is, 
however,  but  little  that  any  individual  can  do, 
when  the  whole  extent  of  the  mifery  to  be  relieved 
]be  confidered.  He  may  fatisfy  his  confidence, 


(  21  ) 


but  not  his  heart.  He  may  give  all  that  he  has, 
and  that  all  will  relieve  but  little.  It  is  only 
by  organizing  civilization  upon  fuch  principles 
as  to  act  like  a  fyftem  of  pullies,  that  the  whole 
weight  of  mifery  can  be  removed. 

The  plan  here  propofed  will  reach  the 
whole.  It  will  immediately  relieve  and  take 
out  of  view  three  clalfes  of  wretchednefs.  The 
blind,  the  lame,  and  the  aged  poor  ;  and  it 
will  furnifh  the  rifmg  generation  with  means 
to  prevent  their  becoming  poor  ;  and  it  will 
do  this,  without  deranging  or  interfering  with 
any  national  meafures.  To  Ihew  that  this  will 
be  the  cafe,  it  is  fufficient  to  obferve,  that  the 
operation  and  effect  of  the  plan  will,  in  all 
cafes,  be  the  fame,  as  if  every  individual  were 
voluntarily  to  make  his  will,  and  difpofe  of  his 
property,  in  the  manner  here  propofed. 

But  it  is  jullice  and  not  charity,  that  is  the 
principle  of  the  plan.  In  all  great  cafes  it  is  ne- 
ceffary  to  have  a  principle  more  univerfally  ac¬ 
tive  than  charity  ;  and  with  refpefl  to  jullice, 
it  ought  not  to  be  left  to  the  choice  of  detach¬ 
ed  individuals,  whether  they  will  do  jullice  or 
not.  Confidering  then  the  plan  on  the  ground 
of  jullice,  it  ought  to  be  the  adt  of  the  whole, 
growing  fpontaneoufly  out  of  the  principles  of 
the  revolution,  and  the  reputation  of  it  to  be 
national  and  not  individual. 

A  plan  upon  this  principle  would  benefit 


C  22  ) 


the  revolution,  by  the  energy  that  fprings  from 
the  confcioufnefs  of  juftice.  It  would  multi¬ 
ply  alfo  the  national  refources  ;  for  property, 
like  vegetation,  encreafes  by  off-fets.  When  a 
young  couple  begin  the  world,  the  difference 
is  exceedingly  great,  whether  they  begin  with 
nothingorwith  fifteen  pounds  a-piece.  With  this 
aid  they  could  buy  a  cow,  and  implements  to 
cultivate  a  few  acres  of  land  ;  and  inftead  of 
becoming  burthens  upon  fociety,  which  is  al¬ 
ways  the  cafe,  where  children  are  produced  faf- 
ter  than  they  can  be  fed,  would  be  put  in  the 
way  of  becoming  ufeful  and  profitable  citizens. 
The  national  domains  alfo  would  fell  the  bet¬ 
ter,  if  pecuniary  aids  were  provided  to  culti¬ 
vate  them  in  fmall  lots. 

It  is  the  praTice  of  what  has  unjuffly  ob¬ 
tained  the  name  of  civilization  (and  the  prac¬ 
tice  merits  not  to  be  called  either  charity  or 
policy)  to  make  fome  provifion  for  perfons  be¬ 
coming  poor  and  wretched,  only  at  the  time 
they  become  fo. — Would  it  not,  even  as  a 
matter  of  economy,  be  far  better,  to  devife 
means  to  prevent  their  becoming  poor.  This 
can  bed  be  done,  by  making  every  perfon, 
when  arrived  at  the  age  of  twenty. one  years, 
an  inheritor  of  fomething  to  begin  with.  The 
rugged  face  of  fociety,  chequered  with  the  ex¬ 
tremes  of  affluence  and  of  want,  proves  that 
fome  extraordinary  violence  has  been  commit¬ 
ted  upon  it,  and  calls  on  juftice  for  redrefs. 
The  great  mafs  of  the  poor,  in  all  countries. 


(  23  ) 

are  become  an  hereditary  race,  and  it  is  next 
to  impoffible  for  them  to  get  out  of  that  flate 
ofthemfelves.  It  ought  alfo  to  be  obferved,that 
this  mafs  increafes  in  all  countries  that  are  cal¬ 
led  civilized.  More  perfons  fall  annually  into 
it,  than  get  out  of  it. 

Though  in  a  plan,  in  which  juflice  and  hu¬ 
manity  are  the  foundation-principles,  interefl 
ousrht  not  to  be  admitted  into  the  calculation, 
yet  it  is  always  of  advantage  to  the  eflablifh- 
ment  of  any  plan,  to  fhew  that  it  is  beneficial 
as  a  matter  of  interefl.  The  fuccefs  of  any  pro- 
pofed  plan,  fubmitted  to  public  confideration, 
muff  finally  depend  on  the  numbers  interefled 
in  fupporting  it,  united  with  the  juflice  of  its 
principles. 

The  plan  here  propofed  will  benefit  all, 
without  injuring  any.  It  will  confolidate  the 
interefl  of  the  republic  with  that  of  the  indi¬ 
vidual.  To  the  numerous  clafs  difpoiTefTed  of 
their  natural  inheritance  by  the  fyflem  of  lan¬ 
ded  property,  it  will  be  an  act  of  national  juf- 
tice.  To  perfons  dying  poffeffed  of  moderate 
fortunes,  it  will  operate  as  a  tontine  to  their 
children,  more  beneficial  than  the  fuin  of 
money  paid  into  the  fund :  and  it  will  give 
to  the  accumulation  of  riches  a  degree  of  fe- 
curity,  that  none  of  the  old  governments  of 
Europe,  now  tottering  on  their  foundations, 
can  give. 


(  24  ) 


I  do  not  fuppofe  that  more  than  one  family 
in  ten,  in  any  of  the  countries  of  Europe,  has, 
when  the  head  of  the  family  dies,  a  clear  pro¬ 
perty  left  of  five  hundred  pounds  fterling.  To 
all  fuch,  the  plan  is  advantageous.  That  pro¬ 
perty  would  pay  fifty  pounds  into  the  fund, 
and  if  there  were  only  two  children  under  age, 
they  would  receive  fifteen  pounds  each  (thirty 
pounds)  on  coming  of  age,  and  be  entitled  to 
ten  pounds  a  year  after  fifty.  It  is  from  the 
over  grown  acquifition  of  property  that  the 
fund  will  fupport  itfelf ;  and  I  know  that  the 
poffeffors  of  fuch  property  in  England,  though 
they  would  eventually  be  benefited  by  the 
protection  of  nine-tenths  of  it,  will  exclaim 
againft  the  plan.  But,  without  entering  into 
any  enquiry  how  they  came  by  that  property, 
let  them  recoiled  that  they  have  been  the  ad¬ 
vocates  of  this  war,  and  that  Mr.  Pitt  has  al¬ 
ready  laid  on  more  new  taxes  to  be  raifed  an¬ 
nually  upon  the  people  of  England,  and  that 
for  fupporting  the  defpotifm  of  Auftria  and 
the  Bourbons,  againft  the  liberties  of  France, 
than  would  annually  pay  all  the  fums  propo- 
fed  in  this  plan. 

I  have  made  the  calculations,  ftated  in  this 
plan,  upon  what  is  called  perfonal,  as  well  as 
upon  landed  property.  The  reafon  for  mak¬ 
ing  it  upon  land  is  already  explained  ;  and  the 
reafon  for  taking  perfonal  property  into  the  cal¬ 
culation,  is  equally  well  founded,  though  on 
a  different  principle.  Land,  as  before  faid,  is 


(  25  ) 


the  free  gift  of  the  Creator  in  common  to  the 
human  race.  Perfonal  property  is  the  effed  of 
Society  ;  and  it  is  as  impoffible  for  an  indivi¬ 
dual  to  acquire  perfonal  property  without  the 
aid  of  Society,  as  it  is  for  him  to  make  land 
originally.  Separate  an  individual  from  focie* 
ty,  and  give  him  an  ifland  or  a  continent  to 
poffefs,  and  he  cannot  acquire  perfonal  pro¬ 
perty.  He  cannot  become  rich.  So  infepara- 
bly  are  the  means  connected  with  the  end,  in 
all  cafes,  that  where  the  former  do  not  exift, 
the  latter  cannot  be  obtained.  All  accumula¬ 
tion,  therefore,  of  perfonal  property,  beyond 
what  a  man’s  own  hands  produce,  is  derived  to 
him  by  living  in  fociety ;  and  he  owes,  on  every 
principle  of  juffice,  of  gratitude,  and  of  civile 
zation,  a  part  of  that  accumulation  back  again 
to  fociety  from  whence  the  whole  came.  This  is 
putting  the  matter  on  a  general  principle,  and 
perhaps  it  is  beff  to  do  fo  ;  for  if  we  examine 
the  cafe  minutely,  it  will  be  found,  that  the  ac¬ 
cumulation  of  perf  nal  property  is,  in  many 
initances,  the  effect  of  paying  too  little  for  the 
labour  that  produced  it ;  the  confequenceof 
which  is,  that  the  working  hand  perifhes  in  old 
age,  and  the  employer  abounds  in  affluence^ 
It  is,  perhaps,  impoflible  to  proportion  exa&ly 
the  price  of  labour  to  the  profits  it  produces  $ 
and  it  will  alfo  be  faid,  as  an  apology  for  in* 
juffice,  that  wTere  a  workman  to  receive  an  in- 
creafe  of  wages  daily,  he  would  not  fave  it 
againff  old  age,  nor  be  much  the  better  for  it 
in  the  interium.  Make,  then,  fociety  the  trea- 

D 


/ 


(  26  ) 

furer,  to  guard  it  for  him  in  a  common  fund  ; 
for  it  is  no  reafon,  that  becaufe  he  might  not 
make  a  good  ufe  of  it  for  himfelf,  that  another 
lhall  take  it. 

The  (late  of  civilization  that  has  prevailed 
throughout  Europe,  is  as  unjult  in  its  prin¬ 
ciple,  as  it  is  horrid  in  its  effe&S;  and  it  is 
the  confcioufnefs  of  this,  and  the  apprehen- 
fion  that  fuch  a  Hate  cannot  continue,  when 
once  inveftigation  begins  in  any  country,  that 
makes  the  polfelTors  of  property  dread  every 
idea  of  a  revolution*  It  is  the  hazard  and  not 
the  principles  of  a  revolution  that  retards  their 
progrefs.  This  being  the  cafe,  it  is  neceflary 
as  well  for  the  protection  of  property,  as  for 
the  fake  of  juflice  and  humanity,  to  form  a  fyf- 
tem,  that  whilft  it  preferves  one  part  of  fociety 
from  wretchednefs,  fhali  fecure  the  other  from 
depredation. 

The  fuperflitious  awe,  the  enflaving  reve¬ 
rence,  that  formerly  furrounded  affluence,  is 
palling  away  in  all  countries,  and  leaving  the 
pofleffor  of  property  to  the  convullion  of  ac¬ 
cidents.  When  wealth  and  fplendour,  inllead 
of  fafcinating  the  multitude,  excite  emotions 
of  difgull ;  when,  inllead  of  drawing  forth  ad¬ 
miration,  it  is  beheld  as  an  infult  upon  wretch¬ 
ednefs  ;  when  the  ollentatious  appearance  it 
makes,  ferves  to  call  the  right  of  it  in  ques¬ 
tion,  the  cafe  of  property  becomes  critical,  and 


t 


(  27  ) 

it  is  only  in  a  fyflem  of  juftice  that  the  pof- 
feffor  can  contemplate  fecurity. 

o; r;  .  .  .( 

To  remove  the  danger,  it  is  neceffary  to  re¬ 
move  the  antipathies,  and  this  can  only  be  done 
by  making  property  produ&ive  of  a  national 
blefiing,  extending  to  every  individual.  When 
the  riches  of  one  man  above  another  fhall  in- 
creafe  the  national  fund  in  the  fame  propor¬ 
tion  ;  when  it  fhall  be  feen  that  the  profperity 
of  that  fund  depends  on  the  profperity  of  in¬ 
dividuals  ;  when  the  more  riches  a  man  ac¬ 
quires,  the  better  it  fhall  be  for  the  general 
mafs  ;  it  is  then  that  antipathies  will  ceafe,  and 
property  be  placed  on  the  permanent  bafis  of 
national  interefl  and  protection. 

I  have  no  property  in  France  to  become  fub- 
jeCl  to  the  plan  I  propofe.  What  I  have,  which 
is  not  much,  is  in  the  United  States  of  Ameri¬ 
ca.  But  I  will  pay  one  hundred  pounds  fler- 
ling  towards  this  fund  in  France,  the  inflan  t  it 
fhall  be  eftablifhed  ;  and  I  will  pay  the  fame 
fum  in  England,  whenever  a  fimilar  eflabliih- 
ment  fhall  take  place  in  that  country. 

A  revolution  in  the  flate  of  civilization,  is 
the  neceffary  companion  of  revolutions  in  the 
fyflem  of  government.  If  a  revolution  in  any 
country  be  from  bad  to  good,  or  from  good 
to  bad,  the  flate  of  what  is  called  civilization 
in  that  country,  muff  be  made  conformable 
thereto,  to  give  that  revolution  effeCls.  Def- 


(  28  ) 


potic  government  fupports  itfelf  by  abjeCl  ci¬ 
vilization,  in  which  debafement  of  the  human 
mind,  and  wretchednefs  in  the  mafs  of  the 
people,  are  the  chief  criterians.  Such  govern¬ 
ments  confider  man  merely  as  an  animal  ;  that 
the  exercife  of  intellectual  faculty  is  not  his 
privilege;  that  he  has  nothing  to  do  with  the  laws , 
but  to  obey  them;*  and  they  politically  depend 
more  upon  breaking  the  fpirit  of  the  people 
by  poverty,  than  they  fear  enraging  it  by  def- 
peration. 

It  is  a  revolution  in  the  flate  of  civilization, 
that  will  give  perfection  to  the  revolution  of 
France.  Already  the  conviction,  that  govern¬ 
ment,  by  reprefentation ,  is  the  true  fyflem  of 
government,  is  fpreading  itfelf  fa  ft  in  the  world. 
The  reafonablenefs  of  it  can  be  feen  by  all. 
The  juflnefs  of  it  makes  itfelf  felt  even  by  its 
oppofers.  But  when  a  fyflem  of  civilization, 
growing  out  of  that  fyflem  of  government, 
fha  1  be  fo  organized,  that  not  a  man  or  wo¬ 
man  born  in  the  republic,  but  fhall  inherit 
feme  means  of  beginning  the  world,  and  fee 
before  them  the  certainty  of  efcaping  the  mb 
feri-s  that  under  other  governments  accompa- 
ir  old  age,  the  revolution  of  France  Wll  have 
an  advocate  and  an  ally  in  the  heart  of  all  na* 
tious. 

*  Fxpvefiion  of  Horfley,  an  Englifli  Bifhop,  in  the 
parliament. 


(  29  ) 


\ 


An  army  of  principles  will  penetrate  where 
an  army  of  foldiers  cannot — It  will  fucceed 
where  diplomatic  management  would  fail — 
It  is  neither  the  Rhine,  the  Channel,  nor 
the  Ocean,  that  can  arreil  its  progrefs- — It  will 
march  on  the  horizon  of  the  world,  and  it 
will  conquer. 

, 

THOMAS  PAINE, 


C  3®  ) 


Means  for  carrying  the  propofedPlan  into 
Execution,  and  to  render  it  at  the  fame  time 
conducive  to  the  public  Intereft. 

I. 

Each  canton  Jhall  eleft  in  its  primary  ajfem- 
blies ,  three  perfons,  as  commiffioners  for  that  can¬ 
ton ,  who  Jhall  take  cognizance ,  and  keep  a  re- 
gifter  of  all  matters  happening  in  that  canton , 
conformable  to  the  charter  that  Jhall  be  ejlablijhed 
by  law ,  for  carrying  this  plan  into  execution . 

II. 

The  law  Jhall  Jix  the  manner  in  which  the 
property  of  deceafed  perfons  Jhall  be  afcertained . 

III. 

When  the  amount  of  the  property  of  any  de¬ 
ceafed  perfon  Jhall  be  afcertained ,  the  principal 
heir  to  that  property ,  or  the  eldejl  of  the  co-heirs , 
if  of  lawful  age ,  or  if  under  age ,  the  perfon 
authorized  by  the  will  of  the  deceafed  to  reprefent 
him ,  or  them ,  Jhall  give  bond  to  the  commijfion- 
ers  of  the  cant  on ,  to  pay  the  faid  tenth  part 
thereof  within  the  [pace  of  one  year ,  in  four 
equal  quarterly  payments ,  or  fooner ,  at  the  choice 
of  the  payers .  One -half  of  the  whole  property 
Jhall  remain  as  fecurity  until  the  bond  be  paid  off. 


(  3i  ) 

IV. 

The  bond  (hall  be  registered  in  the  office  of  the 
commiffioner s  of  the  canton ,  and  the  original 
bonds  Jhall  be  dopofited  in  the  national  bank  at 
Paris .  The  bank  Jhall  publijh  every  quarter  of 
a  year  the  amount  of  the  bonds  in  its  poffeffion,  and 
alfo  the  bonds  that  Jhall  have  been  paid  off,  or 
what  parts  thereof,  fince  the  lajl  quarterly  pub - 
lication . 

V. 

The  national  bank  Jhall  iffue  bank  notes  upon 
the  fecurity  of  the  bonds  in  its  poffeffion.  The 
notes  fo  iffued,  Jhall  be  applied  to  pay  the  penfions 
of  aged  perfons,  and  the  compenfations  to  perfons 
arriving  at  twenty-one  years  of  age . — It  is  both 
reafonable  and  generous  to  fuppofe ,  that  perfons 
not  under  immediate  neceffity,  will  fufpend  their 
right  of  drawing  on  the  fund,  until  it  acquire, 
as  it  will  do,  a  greater  degree  of  ability .  In  this 
cafe,  it  is  propofed ,  that  an  honorary  regifler  be 
kept  in  each  canton,  of  the  names  of  the  perfons 
thus  fufpending  that  right ,  at  leajl  during  the 
prefent  war. 

VI. 

As  the  inheritors  of  property  mujl  always  take 
up  their  bonds  in  four  quarterly  payments ,  orfoon - 
er  if  they  choofe ,  there  will  always  be  numeraire 
arriving  at  the  bank  after  the  expiration  of  the 
jirft  quarter,  to  exchange  for  the  bank  notes  that 
Jhall  be  brought  in. 


/ 


(  32  ) 

VII. 

The  bank  notes  being  thus  got  into  circulation ? 
upon  the  bejl  of  all  pojfible  fecurity ,  that  of  adtual 
property ,  to  more  than  four  times  the  amount  of  the 
bonds  upon  which  the  notes  are  iffued ,  and  with 
numeraire  continually  arriving  at  the  bank  to  ex¬ 
change  or  pay  them  off  whenever  they  Jhall  be 
prefented  for  that  purpofe ,  they  will  acquire  a 
permanent  value  in  all  parts  of  the  republic . 
They  can  therefore  be  received  in  payment  of  taxes 
or  emprunts ,  equal  to  numeraire ,  becaufe  the  go¬ 
vernment  can  always  receive  numeraire  for  them 
at  the  bank . 

yin. 

It  will  be  neceffary  that  the  payments  of  the  ten 
per  cent,  be  made  in  numeraire  for  the  firjl 
year i  from  the  effablijhment  of  the  plan .  But  af¬ 
ter  the  expiration  of  the  jirji  year ,  the  inheritors 
of  property  may  pay  the  ten  per  cent,  cither  in 
bank  notes  iffued  upon  the  fund ,  or  in  numeraire . 
If  the  payments  be  in  numeraire ,  it  will  lie  as  a 
depofit  at  the  bank ,  to  be  exchanged  for  a  quan¬ 
tity  of  notes  equal  to  that  amount ;  and  if  in  notes 
iffued  upon  the  fund ,  if  will  caufe  a  demand  upon 
the  fund  equal  thereto  ;  and  thus  the  operation 
of  the  plan  will  create  means  to  carry  itfelf  into> 
execution . 

FINIS.